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Nov 1, 2012
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did it without massive tax increases. in a way that helped the people of the state create more jobs. he did it with overwhelmingly in a state where democrats controlled the legislature. he brought people together. he can do exactly what the president promised he would do four years ago and has failed to do on the economy and bringing people together. mitt romney can do it. he's done it in the private sector and as a chief executive at the state level. he can do it for america. and i think in wisconsin, iowa, ohio, we respect that and we want that from our leader. >> and one last quick one. i'm not going to ask you about ohio. everybody does and i'm not. i want to though about iowa. rasmussen likely voters today. romney 49, obama 48. i don't think the republicans have carried iowa since 1492. can you actually win in iowa? this could be huge. >> i think so. i just -- on a person a note, i was born in colorado springs, i lived in iowa until i was in third grade and spent the rest of my life in the great state of wisconsin. i
did it without massive tax increases. in a way that helped the people of the state create more jobs. he did it with overwhelmingly in a state where democrats controlled the legislature. he brought people together. he can do exactly what the president promised he would do four years ago and has failed to do on the economy and bringing people together. mitt romney can do it. he's done it in the private sector and as a chief executive at the state level. he can do it for america. and i think in...
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Nov 1, 2012
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. >> you have tax, you have depreciation, you have all sorts of problems but i get your point. they're thinking they're getting a free ride on a cheap property market. but what i would like to see just to argue that there will be a sustained housing recovery is see it by income and purchasing. >>> we look at the markets, lloyds a pop of 4% in the stock today. that included cpi, mid selling off of payment protection insurance. along with other banks. let's get out to a sales trader. will, give us a view on lloyds. the market seems to be responding positively. >> you have the underlying story and then what they refer to as legacy issues. we were given a heads up a few weeks ago when it was barclays upset ppi and that gave investors a little bit ahead of lloyds and other bank earnings. and as a result, i think that's why we're seeing this move up. >> also interesting down 1.35 billion pounds. the market was expecting around 1.5 billion pounds. this has to be a positive in the credit cycle here in the uk. >> indeed. and this is the main point of the positive lloyds numbers. it's an
. >> you have tax, you have depreciation, you have all sorts of problems but i get your point. they're thinking they're getting a free ride on a cheap property market. but what i would like to see just to argue that there will be a sustained housing recovery is see it by income and purchasing. >>> we look at the markets, lloyds a pop of 4% in the stock today. that included cpi, mid selling off of payment protection insurance. along with other banks. let's get out to a sales...
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Nov 2, 2012
11/12
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america doesn't need another tax cut. the deficit is the problem, not the basic way to tax. >> if you look at how americans feel who would better handle the which i, they're pretty strongly in favor of mitt romney. here's a guy that has a strong background in business who understands how commit works. so americans fundamentally have more confidence in mitt romney to handle economy. it didn't mean that he'll win the election. but if it just comes down to the economy, i think mitt romney has the edge. >> chris, do you want to respond to that and to the sense that maybe the average -- that romney goes over well with the average american? are you aichling more at the international business community? >> i think we're aiming at the community in the word, who we would think would be better. we're saying who he we think would best serve america and the world. so we need to look at the deficit, foreign policy, also opinions on social policy. >> one of the things that i found troubling about the economist's endorsement was they ci
america doesn't need another tax cut. the deficit is the problem, not the basic way to tax. >> if you look at how americans feel who would better handle the which i, they're pretty strongly in favor of mitt romney. here's a guy that has a strong background in business who understands how commit works. so americans fundamentally have more confidence in mitt romney to handle economy. it didn't mean that he'll win the election. but if it just comes down to the economy, i think mitt romney...
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Nov 2, 2012
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also getting things like tax policy out of the way. i will tell you, the discussion on the floor, many talking about the dollar. is it qe, or is it romney? are the effects of the weaker stock after the number, are they effects of a stronger dollar after the number really because of qe, or are they because not only do we potentially have a challenger that's close enough to win but if that challenger does win, what's to say to bernanke, what's to say to the fed, what's to say to qe, what's to say to the bye bauy backs? you can go either way on it. all these issues are making it difficult for investors who have a good hunch to necessarily bet a bunch. >> very interesting day. you make a lot of good points. jeff cox, what do you think? >> i want to piggy back on this theme of good news is bad news and maybe people are worried about bernanke is going to go to the basement of the fed and pull the plug on the printing press. if investors out there are concerned that we do stop the qe train and it might get in the way of market rally, let me o
also getting things like tax policy out of the way. i will tell you, the discussion on the floor, many talking about the dollar. is it qe, or is it romney? are the effects of the weaker stock after the number, are they effects of a stronger dollar after the number really because of qe, or are they because not only do we potentially have a challenger that's close enough to win but if that challenger does win, what's to say to bernanke, what's to say to the fed, what's to say to qe, what's to say...
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Nov 1, 2012
11/12
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tax policy, if you talk to any tax expert, really what you need are not temporary tax cuts, because no investor, no businessperson makes decisions based on the next few months, but you need a permanency and certainty. >> we will have certainty no matter what, though, right? when we get through the election, hopefully we have an answer to the fiscal cliff no matter what happens. >> i've actually full confidence if mitt romney gets elected and what i can't understand is anybody who thinks that the president, who said no to bowles-simpson, did nothing vis-a-vis the fiscal cliff, asked for a clean bill attached to the debt ceiling, how anybody thinks he can show some leadership and get that done when he's had four years to do it, i don't understand the logic. >> and he was the man that actually authorized and pushes bowles-simpson and then did nothing with it. >> you don't see romney embracing bowles-simpson at the moment either? >> i don't think he's embracing that but i think something similar to bowles-simpson. >> we'll talk more about this. julian and emil will be with us for the rest
tax policy, if you talk to any tax expert, really what you need are not temporary tax cuts, because no investor, no businessperson makes decisions based on the next few months, but you need a permanency and certainty. >> we will have certainty no matter what, though, right? when we get through the election, hopefully we have an answer to the fiscal cliff no matter what happens. >> i've actually full confidence if mitt romney gets elected and what i can't understand is anybody who...
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Nov 2, 2012
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higher capital gains taxes. higher dividend tax rates. all things that are antithetical to the stock market. are they not? >> absolutely true. and, you know, lately in the last few months we've seen the unemployment rate in some of the key states that republicans need to hold like maine, they've gone up. that's going in the wrong direction. i don't know to what extent they hold the current senator responsible for that. certainly it creates a sense of discomfort with the incumbents and possibility of change there. so, you know, those odds have really changed and that's just a huge big deal for next year. the markets do not like a divided congress and we've got so much at stake in the lame duck session, it's a major issue for the markets and one clearly i think investors are voting with their feet and getting out of the way. >> jeff, why did gold crash today? >> you know, it had to do with the dollar going up. had gold down, silver down, oil down, copper down. they were all down. i think the dollar went up on a little bit of the safe haven
higher capital gains taxes. higher dividend tax rates. all things that are antithetical to the stock market. are they not? >> absolutely true. and, you know, lately in the last few months we've seen the unemployment rate in some of the key states that republicans need to hold like maine, they've gone up. that's going in the wrong direction. i don't know to what extent they hold the current senator responsible for that. certainly it creates a sense of discomfort with the incumbents and...
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Nov 2, 2012
11/12
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that means sell the winners, capital gains taxes may be going up. that's been cited by traders. but i think sharon is right, it is the dollar moving up. we are at a two-month high. when that happens you tend to get pressure on a lot of different sectors in the market. if you look on the downside what's leading the market to the downside, they are the two most dollar sensitive sectors in the market, material stocks and energy. that's because these are all commodity bases and they get impacted by the movie on the dollar here. if you look at what's most active at the exchange traded funds, i'd pay a lot of attention to volume in the big exchange traded funds. tracked about 100 of them at a time. these have the heaviest volume. look. silver, gold, gold stocks, as well as some other ones that are in the overall materials index. that tells me that this is a lot of this decline is dollar related. >> got it. bob pisani, thanks so much. >>> now over to the nasdaq, seema mody following the big movers there. >> quick look at a large cap tech stocks and how they are trading. apple in focus
that means sell the winners, capital gains taxes may be going up. that's been cited by traders. but i think sharon is right, it is the dollar moving up. we are at a two-month high. when that happens you tend to get pressure on a lot of different sectors in the market. if you look on the downside what's leading the market to the downside, they are the two most dollar sensitive sectors in the market, material stocks and energy. that's because these are all commodity bases and they get impacted by...
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Oct 31, 2012
10/12
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what about tax hikes, fiscal cliff risk. what do you do here? we're in november. we don't have much time. how do you play this? >> with election risk, which i think is big. that's going to be a certainty a week from today. and i'm not ready to call the gop and conservatives a win. i think it's getting close. and if it does, remember that banks might be a nice play because there will be less sabre rattling. they won't be using political football as much. i like the home builder as well. i like the stock market. i think things are going to be solved sooner than later. >> final word, mr. la camp. >> well, i agree. if the republicans win, if mitt romney wins, there's going to be some optimism, enthusiasm, maybe a quicker fix to the fiscal cliff, and we have a rally that could last through january. but then we've got longer term problems that he can't fix overnight, and then the market is going to run into some new headwinds. >> thank you to the two jims. >>> coming up, this storm could have a huge impact on the presidential election. you might be surprised at which ca
what about tax hikes, fiscal cliff risk. what do you do here? we're in november. we don't have much time. how do you play this? >> with election risk, which i think is big. that's going to be a certainty a week from today. and i'm not ready to call the gop and conservatives a win. i think it's getting close. and if it does, remember that banks might be a nice play because there will be less sabre rattling. they won't be using political football as much. i like the home builder as well. i...
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Oct 29, 2012
10/12
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go into maybe march or something where there will have to be some big decisions made both on tax reform and entitlements. but i think there will be a ton of uncertainty heading in to 2013. >> thank you again for getting up for us. be safe on your way back. and as mentioned, we want your hurricane stories. especially if you're on wall street. maybe you remember the last type the new york stock exchange closed in 1985. world wide at cnbc.co cnbc.com, @cnbcwex, as well. and still to come, cnbc's own scott cohn is in new york as hurricane sandy is about to make the landfall. we have big dreams. one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes
go into maybe march or something where there will have to be some big decisions made both on tax reform and entitlements. but i think there will be a ton of uncertainty heading in to 2013. >> thank you again for getting up for us. be safe on your way back. and as mentioned, we want your hurricane stories. especially if you're on wall street. maybe you remember the last type the new york stock exchange closed in 1985. world wide at cnbc.co cnbc.com, @cnbcwex, as well. and still to come,...
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Nov 4, 2012
11/12
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topics like mitt romney's tax return fails to quiet critics and mitt romney and the 47%. i guess it could have been worse. that's "hardball" for now. up next, "your business" with j.j. ramberg. >>> time for your business entrepreneur of the weekend. he hops from his bone chart selling bones, skulls and other items. he looks, engages and sells to mirror customer temperaments. for more, watch "your business" 7:30 on sundays on msnbc. ah. fire bad! just have to fire roast these tomatoes. do you churn your own butter too? what? this is going to give you a head start on your dinner. that seems easier sure does who are you? [ female announcer ] new progresso recipe starters. five delicious cooking sauces you combine with fresh ingredients to make amazing home-cooked meals. ♪ ambiance [ female announcer ] new progresso recipe starters. your head-start to home cooked. look at these teeth! they're made for meat! [ cat 2 ] do i look like i'm stalking plants? [ male announcer ] most dry foods add plant protein, like gluten but iams never adds gluten. iams adds 50% more animal prot
topics like mitt romney's tax return fails to quiet critics and mitt romney and the 47%. i guess it could have been worse. that's "hardball" for now. up next, "your business" with j.j. ramberg. >>> time for your business entrepreneur of the weekend. he hops from his bone chart selling bones, skulls and other items. he looks, engages and sells to mirror customer temperaments. for more, watch "your business" 7:30 on sundays on msnbc. ah. fire bad! just have...
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notes tax analyst dot com a washington based weekly tax journal she covers all areas of tax law including international and corporate taxation lee welcome to the kaiser report. thank you for having me all right lisa shepard why should the u.s. kill high frequency trading as you recently suggested in the pages of forbes magazine ok let's let's get our ducks in a row and think about what we're talking about here we're using high frequency trading as a shorthand for some practices that the exchanges allow and the f.c.c. sanctions that algorithmic traders are using so it and so we have to sort of keep in mind the s.c.c.s. rule in the whole mess and the promise of my piece is that. we can't really. leave the job to the f.c.c. to stop this part because they created it now we have in the united states lots and lots of markets they are all aleck tronic and the f.c.c. want to them to be that way we've this has been a sort of thirty year process to make the markets all leck tronic so computers are doing the trading but because we now have a zillion little markets we have more than fifty little bitt
notes tax analyst dot com a washington based weekly tax journal she covers all areas of tax law including international and corporate taxation lee welcome to the kaiser report. thank you for having me all right lisa shepard why should the u.s. kill high frequency trading as you recently suggested in the pages of forbes magazine ok let's let's get our ducks in a row and think about what we're talking about here we're using high frequency trading as a shorthand for some practices that the...
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Oct 28, 2012
10/12
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another tax cut. we know how this and spirit $16 trillion in home equity and evaporated. -- how this ends. 9 million lost jobs. $16 trillion in home equity evaporated. retirement accounts up in flames. the great recession of 2008. the american people will not go back. folks, crowd: four more years! you have to ask yourself. both of these guys are decent man. you have to ask about with a push the return of these economic and tax policies from the bush administration? or as president clinton said, why would they go back to the bush policies on steroids? i have come to one conclusion. the only one i can figure out is about their attitude about america and their attitude about half the american people. you heard his insulting comments that 47% of the american people are -- here's the part that bothers me. when he said they are not willing to take responsibility for the allies. -- for their own lives. these people are our neighbors. he is talking about my parents when they were alive. the people i grew up
another tax cut. we know how this and spirit $16 trillion in home equity and evaporated. -- how this ends. 9 million lost jobs. $16 trillion in home equity evaporated. retirement accounts up in flames. the great recession of 2008. the american people will not go back. folks, crowd: four more years! you have to ask yourself. both of these guys are decent man. you have to ask about with a push the return of these economic and tax policies from the bush administration? or as president clinton...
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person in the bush administration bush two who pushed cap and trade and now they're talking carbon tax you know the world is not what you think it is it is not black and white republican sometimes do green things we might not agree with them but i think you're going to see that happen what will resonate i wish i was going to where you are going to raise you know what i mean is no police don't talk over each other richard go ahead well i mean it's interesting that romney has these hidden green agenda but if you look at the polling data and most independents yes you know it's climate change the problem is so why is he not tell me why why are you having to go and say oh romney's green why so he not saying it is a good point so i mean you know you're saying he's going to only come out because he wants to get a lot of you to dependent voted but there is clear research and the most independents in america believes there is a problem so if you want to get elected boys may come out and say these things ok all right does this go back to denny i think everybody and we have to address your clear
person in the bush administration bush two who pushed cap and trade and now they're talking carbon tax you know the world is not what you think it is it is not black and white republican sometimes do green things we might not agree with them but i think you're going to see that happen what will resonate i wish i was going to where you are going to raise you know what i mean is no police don't talk over each other richard go ahead well i mean it's interesting that romney has these hidden green...
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Nov 3, 2012
11/12
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topics like mitt romney's tax return fails to quiet critics and mitt romney and the 47%. i guess it could have been worse. that's "hardball" for now. coming up next, your business with j.j. ramberg. take your campaign back to chicago and let us get about reuniting america. jenna shared her recipe with sharon, who emailed it to emily, who sent it to cindy, who wondered why her soup wasn't quite the same. the recipe's not the recipe... ohhh. [ female announcer ] ...without swanson. the broth cooks trust most when making soup. mmmm! [ female announcer ] the secret is swanson.
topics like mitt romney's tax return fails to quiet critics and mitt romney and the 47%. i guess it could have been worse. that's "hardball" for now. coming up next, your business with j.j. ramberg. take your campaign back to chicago and let us get about reuniting america. jenna shared her recipe with sharon, who emailed it to emily, who sent it to cindy, who wondered why her soup wasn't quite the same. the recipe's not the recipe... ohhh. [ female announcer ] ...without swanson. the...
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tax pollution a carbon tax is been proposed so what we should do first is tax the type of activities that we want to diminish before we tax what we want more of which is labor and i don't you know in fact i think that one of the one of the pieces of the whole understanding of taxation that has been so lost in the last thirty years is that taxes do actually two things one they raise revenue for the government but two they encourage or discourage behavior based on the will of the people which is what you're talking about and we have perverse incentives so people like romney they want all the services in new usa but they go into these tax haven islands overseas like you know bahamas and so forth to pay for is zero taxes and even here it pays fifteen percent that's a capital gain and that's what he says you make a statement deed he hasn't released his tax returns for fourteen years the way his father did when he ran for does we don't know that chapter number to make our communities more self-reliant how do we do ok that's already in place it just got to be more widespread every time we p
tax pollution a carbon tax is been proposed so what we should do first is tax the type of activities that we want to diminish before we tax what we want more of which is labor and i don't you know in fact i think that one of the one of the pieces of the whole understanding of taxation that has been so lost in the last thirty years is that taxes do actually two things one they raise revenue for the government but two they encourage or discourage behavior based on the will of the people which is...
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Oct 28, 2012
10/12
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he tells florida he supports the bush tax cuts. but as massachusetts governor romney refused to take a position on the bush tax cuts. where does mitt romney? whichever way the wind blows. chris: and when we come back we've got a perfect storm coming ashore. that could affect things. and we have the big jobs number coming next friday. if it's bad, could it tip the election? plus scoops and predictions right from the notebooks of these top chris: welcome back. this friday, we're going to get last unemployment report before the election. will it continue the promising trend we saw last month when the rate droppedown to 7.8%? the lowest since president obama took office. voters, optimism, favor barack obama, in the last nbc "wall street journal" national poll. voters who expect the economy to improve in the next 12 months are for president obama. by huge 40-point margin. kelly, i don't know whether it's chicken or egg but people who like obama like the future. >> the unemployment rate is expected to hold stead yes but don't be surprise
he tells florida he supports the bush tax cuts. but as massachusetts governor romney refused to take a position on the bush tax cuts. where does mitt romney? whichever way the wind blows. chris: and when we come back we've got a perfect storm coming ashore. that could affect things. and we have the big jobs number coming next friday. if it's bad, could it tip the election? plus scoops and predictions right from the notebooks of these top chris: welcome back. this friday, we're going to get last...
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Nov 2, 2012
11/12
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there's a 20% across the board tax cut and use talking about ends the alternative minimum tax and tacking on $2 trillion more in defense spending. he says he will close unspecified -- end unspecified tax deductions, which he refuses to spell out because they're politically poisonous. this is the basic recipe of trickle-down economics in the reagan and bush years, both of which resulted in exploding defici deficits. what am i missing here? >> i have the benefit of meeting one on one with mitt romney and paul ryan and probing what are their thoughts with regard to taxes and defense. you're talking about the things being thrown out, but when you look at a 20% rate reduction and when you look at what rate are now, that will take the top rate to 28%. we lose 1.1 trillion a year in revenue through the deductions and exemptions and credits and exclusions. over ten years that's probably 15 trillion, when you count inflation. so all you have to do is is eliminate about a third to 40% of the deductions, exemptions and credits and exclusions, and you can be revenue neutral. with regard to defense, w
there's a 20% across the board tax cut and use talking about ends the alternative minimum tax and tacking on $2 trillion more in defense spending. he says he will close unspecified -- end unspecified tax deductions, which he refuses to spell out because they're politically poisonous. this is the basic recipe of trickle-down economics in the reagan and bush years, both of which resulted in exploding defici deficits. what am i missing here? >> i have the benefit of meeting one on one with...
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Oct 28, 2012
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it taxes small businesses. 8-10 businesses in america file their taxes as people. and their tax rate will go above 40% in january according to the obama plan. overseas, they do not do that. overseas, that means lake superior, where i come from. and the canadians, they lowered their tax rate to all their businesses to 15% less generous. our competitors tax their businesses at 25% or less. how are we going to make things and bring back manufacturing jobs in ohio and in big ten country if we keep taxing our businesses at twice the rate our foreign competitors do? that will not work. that is why we have a five- point plan. that is why we have this agenda. get behind small businesses, lower tax rate. that is the essence of president obama's economic agenda -- take more from families and small businesses, regulate everybody, and pick winners and losers from washington. it does not work -- or just the losers if you want to look at his track record. look, a person who works hard, who plays by the rules can get ahead and america. that was what we teach our children. your bu
it taxes small businesses. 8-10 businesses in america file their taxes as people. and their tax rate will go above 40% in january according to the obama plan. overseas, they do not do that. overseas, that means lake superior, where i come from. and the canadians, they lowered their tax rate to all their businesses to 15% less generous. our competitors tax their businesses at 25% or less. how are we going to make things and bring back manufacturing jobs in ohio and in big ten country if we keep...
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Nov 2, 2012
11/12
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they won't be hit by a $2,000 tax increase. that's why the president wants to provide funds for state and local governments to keep teachers on the job, and that's why the president has been pursuing legislation and working on his own to help families refinance their homes. we're seeing stabilization in the housing markets nationwide which is reflected in these numbers. we saw construction growing, for example. >> alan, we have to talk about hurricane sandy and the impact on the economy. there are so many firms out there, catastrophe modeling firms, economic firms that have doubled and increased their estimates for economic as well as insured losses. as the situation unfolds, what is most concerning because there aren't any models, no examples of past disaster hitting such a densely populated area as the northeast, less than our benchmark. >> well, melissa, first we have to view this as a human tragedy. there will be time to think about the economic damage. i should say i was born and raised in new jersey. i taught at princeton
they won't be hit by a $2,000 tax increase. that's why the president wants to provide funds for state and local governments to keep teachers on the job, and that's why the president has been pursuing legislation and working on his own to help families refinance their homes. we're seeing stabilization in the housing markets nationwide which is reflected in these numbers. we saw construction growing, for example. >> alan, we have to talk about hurricane sandy and the impact on the economy....
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Oct 27, 2012
10/12
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it's to raise their taxes. i won't raise taxes on small business and i'll cut taxes on middle income americans. [applause] >> the president plans to smother small business with more regulation. you see, regulations are able to be dealt with by large corporations that have dozens of lawyers and they can implement all these big regulatory changes, but small business gets crushed by the regulations. so we're going to go through and strip out those that have been put in during the obama years and put a stop on this regulatory creep that's killing jobs. [applause] >> and of course if you really want to help small business, you got to take away the big cloud scaring away job creators and you have to get rid of obama karr and we'll repeal it. now, those are the five things we'll do to get this economy going. but in order for those things to happen, we've got to do something that doesn't happen very often in washington. and that is paul ryan and i are going to have to do what we have done before, which is reach across
it's to raise their taxes. i won't raise taxes on small business and i'll cut taxes on middle income americans. [applause] >> the president plans to smother small business with more regulation. you see, regulations are able to be dealt with by large corporations that have dozens of lawyers and they can implement all these big regulatory changes, but small business gets crushed by the regulations. so we're going to go through and strip out those that have been put in during the obama years...
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realize that for the stimulus money pretty much gave republicans everything they wanted a third of the tax cuts and all this stuff and they still didn't vote for it that he was facing opposition that was going to say no to everything he did and yet he continued with health care and continued to try to make a play with congress and in the end you might end up paying for it but this idea that romney also adam is that do you think that that's a winning strategy even from from a from a libertarian point of view is when the strategy is say vote for me because i'm not going to need cap the country. i think it's absurd i mean that the facts are prepared sitting here debating whether or not you know one guy or the other is going to somehow this isn't clear to the president out of states you can't minimize that but here's what we know i mean here's what we already know first every time obama is going down there they've had this political theater that goes all the way up to the eleventh hour and fifteen minutes and then there's a cave and this is happened on both the republican side as republicans w
realize that for the stimulus money pretty much gave republicans everything they wanted a third of the tax cuts and all this stuff and they still didn't vote for it that he was facing opposition that was going to say no to everything he did and yet he continued with health care and continued to try to make a play with congress and in the end you might end up paying for it but this idea that romney also adam is that do you think that that's a winning strategy even from from a from a libertarian...
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Nov 4, 2012
11/12
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i think we have broad agreement on tax reform. if you are going to do tax reform in 2013, what form should it take and how would you broaden the base, lower rates and try to increase growth in the country. i think we have a lot of agreement on that. >> >> what about you, ed? >> i they is right. one thing where we shared common views is on the way the financial crisis was handled for the most part. we can disagree with some details but for the most part the bush team and obama team did to follow it were pretty much on the same path. mpss in terms of how big the stimulus and whether there should be a stimulus and so forth. for the most part we did agree on that and there's a role for government and a role for regulation. i would have a slilightly more cautious eye to regulation perhaps than a surks stan but we agree on international trade and think it is important in terms of growing the economy a and thk that fiscal consolidation is necessary. we may differ in terms of how much on the tax side, how much on the expenditures side, bu
i think we have broad agreement on tax reform. if you are going to do tax reform in 2013, what form should it take and how would you broaden the base, lower rates and try to increase growth in the country. i think we have a lot of agreement on that. >> >> what about you, ed? >> i they is right. one thing where we shared common views is on the way the financial crisis was handled for the most part. we can disagree with some details but for the most part the bush team and obama...
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Oct 29, 2012
10/12
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CNBC
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and taxes that are causing some issues. we look forward to a positive economy growth in our areas. >> are you at all hopeful that we will be able to avoid the fiscal cliff or do you think, as others do, that they're going to take it right up to the 11th hour? >> well, i think surely it probably will go to the 11th hour. we've seen that in the past. >> yes, we have. >> history repeats itself. that's something -- we need a strong leader out there. i think mitt romney shows that. people are recognizing that. a strong leader to avoid some of that. i'm working on next year's budget now. we'll have it done early. we're not going to the 11th hour. that's where people get concerned, cause a stalemate both in business development and in spending. we need to put the confidence back in the great country we are and in the citizens. we have businesses with cash. they're cash fat in some places but they're not comfortable yet to spend that and grow. so we got to quit this 11th hour type stuff. >> we've heard that story from a number of o
and taxes that are causing some issues. we look forward to a positive economy growth in our areas. >> are you at all hopeful that we will be able to avoid the fiscal cliff or do you think, as others do, that they're going to take it right up to the 11th hour? >> well, i think surely it probably will go to the 11th hour. we've seen that in the past. >> yes, we have. >> history repeats itself. that's something -- we need a strong leader out there. i think mitt romney shows...
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Nov 3, 2012
11/12
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CNNW
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only higher taxes on capital as well as on labor. that's a bad mix. >> so that's the answer that the republicans are putting forward. fiscal and government restraint will kick up your gdp growth to the extent you'll create more jobs. ken, do you buy that? >> well, i -- looks to me like their plan is to cut taxes. you hope you get really fast growth. i think the deficit would go up a lot for a while. we would get growth. but i'm not sure it would be anything like we saw under reagan. there is so much debt out there. there is so many headwinds. there's europe, the a administration would do less on cutting taxes if at all and probably raise spending. that's really where the difference is between the two. one of them wants a smaller government. one of them sees the government doing more things. that's a big difference. >> you know more than i do. quick answer, do you think either of them will get the 12 million jobs in four years that they're promising? >> it would be a very good outcome. i think it's a long shot, frankly. >> your answer
only higher taxes on capital as well as on labor. that's a bad mix. >> so that's the answer that the republicans are putting forward. fiscal and government restraint will kick up your gdp growth to the extent you'll create more jobs. ken, do you buy that? >> well, i -- looks to me like their plan is to cut taxes. you hope you get really fast growth. i think the deficit would go up a lot for a while. we would get growth. but i'm not sure it would be anything like we saw under reagan....
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Oct 27, 2012
10/12
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WETA
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i wonder where is they were when it mitt romney's encore promise, 20% across-the-board tax cut. how you are going to achieve any kind of sanity on the debt and deficit without that is beyond my comprehension. >> maybe he doesn't believe that either. >> if they are going to get a deal, it probably is going to be better with barack obama as president that mitt romney. he is so dug into his position -- he does flipper from time to time, but he is so dug into his position that i don't see how he could get an agreement. >> on mitt romney's behalf, doesn't the fact that he does move around work to his advantage? >> you could have a democratic senate, republican house, wishy washy president, and that could be the ingredients of a deal. >> is not that if you don't ever president if the -- don't have a president who was willing to lean on his own party. obama has been willing to do that. >> are we going to have a democratic senate? >> right now it looks increasingly like we will have a democratic senate. once again, republicans have blown it by nominating people like richard mourdock in
i wonder where is they were when it mitt romney's encore promise, 20% across-the-board tax cut. how you are going to achieve any kind of sanity on the debt and deficit without that is beyond my comprehension. >> maybe he doesn't believe that either. >> if they are going to get a deal, it probably is going to be better with barack obama as president that mitt romney. he is so dug into his position -- he does flipper from time to time, but he is so dug into his position that i don't...
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Oct 28, 2012
10/12
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WJLA
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which boils down to a tax cut that he can't pay for. we can look at these polls a million different ways. they all say something different. at the end of the day, what we're focused on is getting the president across the country. meeting as many voters as possible. and investing in that ground game, ohio, florida, the first day of early voting in florida yesterday, record numbers of people are coming out to vote. there's a sign behind the president's re-election. there's energy on the ground. we're a little than a week out. we're confident. >> we're also seeing newspaper endorsements. president obama getting the endorsement of "new york times." several nums in ohio. the big surprise this morning, "the des moines register" hasn't endorsed a republican since 1972 richard nixon, they endorsed romney, saying that he offers a fresh economic vision. it said that barack obama rocketed to the presidency from relative obscurity with a theme of hope and change. a different reality has marked his presidency. his record on the economy the past four
which boils down to a tax cut that he can't pay for. we can look at these polls a million different ways. they all say something different. at the end of the day, what we're focused on is getting the president across the country. meeting as many voters as possible. and investing in that ground game, ohio, florida, the first day of early voting in florida yesterday, record numbers of people are coming out to vote. there's a sign behind the president's re-election. there's energy on the ground....
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Oct 27, 2012
10/12
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FOXNEWSW
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as long as we take that portion of the tax increase off the table, the other tax increases, no sweat, will not hurt the economy. >> you just described barack obama's view of the economy. but -- >> i think i did it fairly. >> but one of the big problems is that people who are these so-called rich people are people who use their excess capital to employ other people. so, it will impact the job creation in the country. the other thing that seems like he really doesn't understand is that, first of all, 200,000 didn't an individual earning 200,000 is not -- whenever he talk about the millionaires and billionaires. >> two earning couples and a lot of high cost states don't feel rich. >> that's the middle class family, and a lot of people own stocks in their pension accounts so those people are very middle class people and they're going to get hit with the taxes. >> the important point to stress, dan, is unless congress acts and the president signs it, whether the president is mitt romney or barack obama, these tax increases are going to take place. so something has to give or we all jump of
as long as we take that portion of the tax increase off the table, the other tax increases, no sweat, will not hurt the economy. >> you just described barack obama's view of the economy. but -- >> i think i did it fairly. >> but one of the big problems is that people who are these so-called rich people are people who use their excess capital to employ other people. so, it will impact the job creation in the country. the other thing that seems like he really doesn't understand...
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Oct 28, 2012
10/12
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CSPAN
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another tax cut. we know how this and spirit $16 trillion in home equity and evaporated. -- how this ends. $16 trillion in home equity evaporated. the american people will not go back. folks, crowd: four more years! you have to ask yourself. both of these guys are decent man. you have to ask about with a push the return of these economic and tax policies from the bush administration? i have come to one conclusion. the only one i can figure out is about their attitude about america and their attitude about half the american people. you heard his insulting comments that 47% of the american people are -- here's the part that bothers me. when he said they are not willing to take responsibility for the allies. these people are our neighbors. he is talking about my parents when they were alive. the people i grew up with. the people here in lynchburg. they include seniors to afford their whole lives to pay for a social security. and did not pay taxes on that. nor should they pay taxes on that. we're talking
another tax cut. we know how this and spirit $16 trillion in home equity and evaporated. -- how this ends. $16 trillion in home equity evaporated. the american people will not go back. folks, crowd: four more years! you have to ask yourself. both of these guys are decent man. you have to ask about with a push the return of these economic and tax policies from the bush administration? i have come to one conclusion. the only one i can figure out is about their attitude about america and their...
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Oct 28, 2012
10/12
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CSPAN
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and did not pay taxes on that. nor should they pay taxes on that. we're talking about the 60,000 warriors risking their lives in afghanistan, pay no income taxes on their salaries. nor should it. speaking of those warriors, how many of you know someone who was been deployed to afghanistan or iraq over the last two decades? we know you. we owe their families. i checked every single day and this morning again with the defense department, how many have lost? i have been in and out of iraq and afghanistan 20 times. there refer to someone killed in action as a fallen agent. -- fallen angel. there have been 6,502 fallen angels. thousands of them require care for the rest of their lives. understand one thing -- barack and i believe as i believe you do that we only have one sacred obligation as americans -- to equip those we sent to war and care for them and their families when they come home. the believe as i think you do, the american people are so much better stronger and takes a much more responsibility than these guys give them credit for. i have never
and did not pay taxes on that. nor should they pay taxes on that. we're talking about the 60,000 warriors risking their lives in afghanistan, pay no income taxes on their salaries. nor should it. speaking of those warriors, how many of you know someone who was been deployed to afghanistan or iraq over the last two decades? we know you. we owe their families. i checked every single day and this morning again with the defense department, how many have lost? i have been in and out of iraq and...
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and you know in about track record about taxes. year in year most of the coverage of. ice icons you spreading a giant welcome mat for trivialized news coverage is romney hurting obama's feelings as obama hurting his feelings are they being cordial to each other or are they being angry look at the way obama looks up and looks down the show must go on until. the curtains are drawn presidential candidates putting on a performance to be voted into the white house the superficial media paying a little attention to the actual words being said and not demanding to hear the words that should matter as the u.s. election enters its closing act and look to team and remains king and politics not much more than a circus and if there's a trick in a party. now when a presidential race bears all the signs of a stage show there are legitimate concerns about how commits the candidates are to making their campaign statements and reality u.s. national security expert gareth porter share his views on which election promises are likely to remain nothing more than part of a t.v. performance
and you know in about track record about taxes. year in year most of the coverage of. ice icons you spreading a giant welcome mat for trivialized news coverage is romney hurting obama's feelings as obama hurting his feelings are they being cordial to each other or are they being angry look at the way obama looks up and looks down the show must go on until. the curtains are drawn presidential candidates putting on a performance to be voted into the white house the superficial media paying a...
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Oct 27, 2012
10/12
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CNN
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they don't want to hear tax cuts or 1 million more manufacturing jobs, they want to know specifically how you're going to do it. from mitt romney, they want to see the math, and from barack obama they want to see, hey, you couldn't do this for the last two years, you did say it was because of congress, but what happens if you end up with the exact same congressional makeup? what will you do differently now that you didn't do before? >> miguel, you're in colorado, where the unemployment rate is higher than the national average, 8%. you were just in my home state of iowa where the rate is 5.2%. on paper people in iowa should be less worried about unemployment than people in colorado. but you know what, all across these swing states, people are worried about opportunity, they're worried about future jobs and the quality of jobs they have right now. >> oh, absolutely. the big thing, sort of what ali was talking about, politics are emotional. what people can't see is what the future is. they can't see where barack obama's going to take the nation, they can't see exactly where mitt romney's
they don't want to hear tax cuts or 1 million more manufacturing jobs, they want to know specifically how you're going to do it. from mitt romney, they want to see the math, and from barack obama they want to see, hey, you couldn't do this for the last two years, you did say it was because of congress, but what happens if you end up with the exact same congressional makeup? what will you do differently now that you didn't do before? >> miguel, you're in colorado, where the unemployment...
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Nov 4, 2012
11/12
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MSNBCW
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you want to cut taxes $5 trillion more than he wants to cut taxes. and you've only identified about a trillion dollars worth of tax deductions on companies that you want to repeal to lower the corporate income tax. that's president obama's idea. but that leaves $6.5 trillion. even if you fill it, you want to produce the long-term dealt. how are you doing to do that? see me about that after the election. >> he has no budget. i want to vote for the president who has a budget, who has a plan that will produce broad-based posterity. i want to vote for a president who's been a good commander in chief and a good decider in chief. and i want to vote for a president who's been through the fire of these last four years and brought america out on the other side ready to take off. and, lastly, just remember this. you know, gov fernor romney has promised us 12 million jobs. you all remember that? he says by just electing me, people will be so elated that you're going to get 12 million jobs. now, i'm sure it was just an oversight. or, as the president has told us
you want to cut taxes $5 trillion more than he wants to cut taxes. and you've only identified about a trillion dollars worth of tax deductions on companies that you want to repeal to lower the corporate income tax. that's president obama's idea. but that leaves $6.5 trillion. even if you fill it, you want to produce the long-term dealt. how are you doing to do that? see me about that after the election. >> he has no budget. i want to vote for the president who has a budget, who has a plan...